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Family member business loan - - non-consumer CH 7 discharge - - tax write-off option?
My wife and I filed a non-consumer CH 7 bankruptcy in early 2011. Thankfully, everything went smoothly with the entire procedure and the discharge came a year ago in May. My brother had made a series of clearly noted small business 'loans' to us over a four year period from 2006 - 2009. At the time... -
BarkingCat started a topic Can part of the mortgage on the primary residence be considered non-consumer debt?in Chapter 7Can part of the mortgage on the primary residence be considered non-consumer debt?
One for the lawyers & experts!
Is anyone familiar with cases where any part of the first mortgage on the debtor’s primary residence was considered non-consumer debt?
Specifics: I did a cash-out refi of my primary residence in 2007 (I still live there) that funded... -
Non-Consumer filing, possible test
We may see a possible test of the amount of disposable income a person can have and file a non-consumer chapter 7. In Denver, a local celebrity, Tom Martino, filed a non-consumer chapter 7 (mostly failed real estate developments) and shows $90,000 PER MONTH of DMI on schedule I & J, and just over... -
Federal Student Loans
Hello First timer, out of WA State.
So doing my first, and last BK 7.
Are Federal and Private Student Loans considered consumer debt loans ?
And do I list these under Schedule-E Creditors Holding Unsecured Priority Claims or
Schedule-F Creditors Holding...